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Haynesville Shale

EIA Launches Drilling Productivity Report

EIA Launches Drilling Productivity Report

It’s not how many rigs there are in the shale patch; it’s what they’re doing. As drilling productivity continues to climb, the industry has realized a simple rig count is a poor indicator of future production. Now the Energy Information Administration (EIA) is monitoring and reporting on drilling productivity.

October 22, 2013

Experienced Team Buys Haynesville System for $910M

Azure Midstream Holdings LLC, launched last year by a team of industry veterans, on Thursday agreed to pay $910 million to buy TGGT Holdings LLC, a Haynesville Shale gathering system, in a transaction valued at $910 million.

October 17, 2013
Drill, Baby, Drill — Faster Still

Drill, Baby, Drill — Faster Still

The average U.S. onshore drilling rig is producing 2% more wells than it did three months ago, and increasingly, rigs are targeting liquids-rich plays over those known for producing dry gas, according to Baker Hughes Inc.

October 14, 2013
Gulf South Project to Link Shales to Louisiana Demand

Gulf South Project to Link Shales to Louisiana Demand

Gulf South Pipeline Co. LP is targeting growing industrial demand in the Baton Rouge-New Orleans, LA, region with a potential expansion of its system that would tap shale gas supplies from multiple basins. The project joins another targeting a similar market from rival Spectra Energy Transmission.

September 24, 2013

Steel Tube Plant Coming to Haynesville Country

Ground was broken Monday for a $975 million steel steel tube manufacturing project at The Port of Caddo-Bossier in Shreveport, LA, which is in Haynesville Shale Country. Some of the plant’s output will serve the U.S. oil and gas industry in southern and Midwestern states.

September 17, 2013

Industry Briefs

Calfrac Well Services Ltd.has agreed to acquire all of the operating assets ofMission Well Services LLC, a privately-held hydraulic fracturing and coiled tubing services provider focused on the Eagle Ford Shale, for $147 million. Calfrac will acquire 157,500 hp of conventional pumping equipment, along with high-rate blenders, related sand-handling and auxiliary equipment, three deep-capacity coiled tubing units with related fluid and nitrogen pumping units and a modern district facility in San Antonio. Calfrac will gain a foothold in the Texas market with the addition of locations in Houston, San Antonio and Fairfield. The company is assuming certain commitments with key suppliers of Mission and will be offering employment to a significant portion of Mission’s employees. Calfrac intends to transfer a portion of the assets to other active operating areas in the United States. With the acquired assets, Calfrac will have more than 1.18 million hp of conventional pumping capacity.

September 11, 2013

ASTM Proposes Frack Standard on Data Management, Reporting

More than one year after creating a subcommittee to study hydraulic fracturing (fracking) and develop a consensus for best practices, ASTM International has proposed a new standard for data management and reporting that would cover oil and gas operations in shale plays.

September 4, 2013

Federal Lands: Where the Shales (Mostly) Aren’t

Production of oil and natural gas from non-federal lands has skyrocketed while that from federal lands has waned. At least today, the vast majority of shale acreage lies on state and private lands, the Energy Information Administration’ (EIA) Howard Gruenspecht, deputy administrator, said. It’s coal country that is mostly on the government’s property.

August 16, 2013
Permian Oil Propels Devon to Record Average Daily Production

Permian Oil Propels Devon to Record Average Daily Production

Strong growth in oil production — especially in the Permian Basin — propelled Devon Energy Corp. to record the highest average daily production rate in its history during the second quarter of 2013, as the company also saw positive test results in the Woodford Shale.

August 9, 2013

EXCO Pins Hopes to JVs, Eagle Ford and Haynesville Expansions

Officials with EXCO Resources Inc. said its acquisitions in the Eagle Ford and Haynesville shales during the second quarter were the foundation for future expansion, while its financial position would be bolstered through its joint ventures (JV) with Kohlberg Kravis Roberts & Co. LP (KKR), Harbinger Group Inc. and BG Group plc.

August 8, 2013
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